Ralwins, Inc What Would Be Reported for Ending Merchandise Inventory on the from January

question 36

Multiple Choice

Ralwins, Inc. had the following balances and transactions during 2018, from January 1 to December 31: $$\begin{array} { | l | l | } \hline \text { Beginning Merchandise Inventory } & 200 \text { units at } \$ 81 \\\hline \text { March 10 } & \text { Sold } 100 \text { units } \\\hline \text {J une } 10 & \text { Purchased } 400 \text { units at } \$ 83 \\\hline \text { October 30 } & \text { Sold 300 units } \\\hline\end{array}$$ What would be reported for ending Merchandise Inventory on the balance sheet at December 31, 2018 if the perpetual inventory system and the weighted-average inventory costing method are used? (Round unit costs to two decimal places and total costs to nearest dollar.)

• A) $16,520
• B) $8,100
• C) $16,200
• D) $24,300

---

Definitions:

National Boycott

A collective action by a group of people or organizations refusing to use, buy, or deal with products or services as a form of protest, typically on a national scale.

Union Demands

The requirements or conditions put forth by a labor union during negotiations with employers, regarding wages, benefits, working conditions, and other employment terms.

Wagner Act

Also known as the National Labor Relations Act of 1935, it established the legal right for workers to form unions, engage in collective bargaining, and take collective action in the United States.

Union Membership

The state of being a member of a labor union, which involves participation in the union's activities and adherence to its rules and agreements.